State of Wisconsin Investment Board

The State of Wisconsin Investment Board (SWIB), created in 1951, is an independent state agency responsible for managing the assets of the Wisconsin Retirement System , the State Investment Fund (SIF), and other state trust funds. As of December 31, 2021, SWIB managed $165.6 billion in assets.[3]

State of Wisconsin Investment Board
Industryasset management
Founded1951[1]
HeadquartersMadison, Wisconsin, United States[1]
Key people
Executive Director/Chief Investment Officer:
Edwin Denson[2]
Websitewww.swib.state.wi.us

Edwin Denson was appointed the executive director/chief investment officer in April 2021.

Bonuses

In December 2016, it was revealed that employees were paid over $11 million in combined bonuses in 2015 when the main funds returns were flat. This is due to the compensation structure that tracks five year returns due to the long term nature of the investing. For the five year period, the fund returned 6.7%, which outdid its 6.2% benchmark. When accounting for roughly $100B of assets under management at the time the 0.5% out-performance equates five hundred million of additional money for the pension system. This is roughly 45 times the $11mm of bonuses paid to the staff that outperformed the market.[4]

References
  1. "Company Overview of The State of Wisconsin Investment Board". Bloomberg. Retrieved 2019-06-11.
  2. "SWIB's Edwin Denson Named Executive Director/Chief Investment Officer". SWIB. 23 April 2021. Retrieved 2021-09-17.
  3. "State of Wisconsin Investment Board (SWIB)". Retrieved 18 September 2021.
  4. Newman, Judy (April 16, 2016). "SWIB bonuses top $11 million for the third straight year". Wisconsin State Journal. Retrieved March 10, 2017.


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